This purchase adds $0.80 to my taxable dividend income.
AXP and VFC are both new positions for me, whereas TGT is a company I already own. I decided to take advantage of the drop in stock prices of these companies. AXP, TGT, and VFC are all trading close to their 52-week lows. While AXP is not currently a company with a long dividend growth record, I believe AXP is a solid company which at a minimum, will generate a nice return on capital over the long haul at the price I bought it at. TGT and VFC, on the other hand, do have a long dividend growth history, and I'm glad to have bought some shares.

My stock purchases have been in very small increments lately since my goal is to aggressively knock out my mortgage as soon as possible. Once this mortgage is eliminated, I will shift my focus and energy to aggressively invest in dividend growth stocks. In the meantime, my plan is to invest in small increments every month on Loyal3, as this allows me to buy partial shares of stocks in companies with small amounts of capital.

4 comments:

I like the VFC buy the best. It's been a great holding for me the last 8 years or so and is one of my top performers. The company is facing headwinds because of a strong U.S. dollar and weaker demand from Asia and Europe but it's just a cyclical trend and not something inherently wrong with the company. I view VFC as a clothing staple company and not a fashion play. Thanks for sharing.

Thanks for your input. I agree with you that this is just a cyclical trend and not something inherently wrong with the company. I'm usually skeptical about investing in clothing stores, but as you said, this is a clothing staple company in my opinion. I only wish I had discovered this company sooner; it just recently got on my radar.

I initiated a very small position in AXP through Loyal3 since I think it's trading at a discounted value right now. I'm also hoping that it will be able to give increased dividend payouts over many years, but if not, I'm hoping to at least see a nice long-term gain on my investment.

Disclaimer

I am not a licensed investment advisor or an investment professional. I am not liable for any losses suffered by any parties. Unless your investments are FDIC insured, they may decline in value. Please consult with an investment professional before investing any of your money.